Minnesota State Board of Investment approves $100m commitment

The US public pension has backed a North American opportunistic real estate fund.

Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $90.20bn
Allocation to alternatives: 13.80%
Bitesize: $100-200m

Minnesota State Board of Investment (Minnesota SBI) has agreed to commit $100 million to Rockpoint Real Estate Fund VI, according to a recent report on the pension’s website. The pension also committed $100 million to the fund’s predecessor.

As illustrated in the charts below, Minnesota SBI has committed to five real estate funds with a 2018 or 2019 vintage. Three of these funds have an opportunistic strategy, with Realty Associates XII and AG Realty Fund X focusing on value-add investments.

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